Dear Professionals,
For a SEZ unit, if we are purchasing car then can we utilise the input tax credit or the taxes will be cost to us.
Menu
Sez unit : input tax credit for capital goods, cars
Replies (7)
ITC cannot be claimed for vehicles as per Sec 17(5) Blocked credits. Yes. It will be a cost and you can claim depreciation for car.
Yes... I agreed to Mr Rakesh Joshi.
@ Mr. Amol.,
Yes... It's Your cost of Purchase of Car.
@ Mr. Amol.,
Yes... It's Your cost of Purchase of Car.
Ok, so this applies to SEZ too.
Yes ... Because supply to Sez unit the supplier cannot collect IGST from Sez but that is only in case of operational goods or services (The sez is dealing) & Car is not Operational goods & moreover its block u/s 17(5)
Yes... I agreed to Mr Pankaj Rawat.
Dear Mr. Pankaj,
In our case we are buying small truck which is used for carrying the goods from SEZ unit to Shipping port.
Pls confirm can we avail GST exception.
exemption on commercial vehicles for transport the goods can be availed.
Recent Threads
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
Related Threads
CAclubindia
